The Union budget has been the talk of the nation in past few weeks. Interestingly it laid the foundation for increasing consumption and building assets such as in infrastructure to lead towards building a USD 5 trillion economy.

IANS reported Finance Minister Nirmala Sitharaman saying, "I think we have laid the foundation for increasing consumption, ensuring that capex and government's investment will go towards building of assets, such assets as in infrastructure, which is sure to have a cascading effect, both in the short term and in the long term

She further added, "And with that, the virtuous cycle of triggering the economy to perform and move forward will be happening, that is the basis on which majority of government expenditure is going towards infrastructure construction." The budget has announced 16 focus points to address "any kind of rural distress".

She said the NDA government has provided various windows, for directly paying to the farmers, or for improving on health, besides looking at aspirational districts and making sure that infrastructure related to health, hospitals, and so on, are created there at the block level.

"I expect all these to lead towards building a five trillion dollar economy," she said.
Sitharaman dismissed a query on whether the proposed IPO of Life Insurance Commission could affect safety of public money. The IPO was being floated for the general public to become shareholders in LIC.

She also exclaimed that the government was taking every possible measure to ensure liquidity does not become a problem for the industry and the NBFCs.